Greystone Provides $10.8 Million in Fannie Mae DUS Financing for Minneapolis Multifamily Acquisition

11/7, 5:36 PM (Source: GlobeNewswire)

NEW YORK, Nov. 07, 2019 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate lending, investment and advisory company, announced it has provided a $10.8 million Fannie Mae Delegated Underwriting and Servicing (DUS®) loan for the purchase of Brunsfield North Loop, a multifamily property in Minneapolis, Minnesota. The loan was originated by Kyle Jemtrud, on behalf of Phoenix – North Loop, LLC, with Abe Roberts of Marcus & Millichap acting as a correspondent.  

The $10,800,000 Fannie Mae DUS loan carries a 10-year fixed rate loan and 30-year amortization. Brunsfield North Loop is a multifamily property with 47 apartment units and 5,842 sf of ground floor commercial space.

Built in 2013, Brunsfield North Loop is located in Hennepin County, Minnesota. The property provides its tenants with garage and open parking spaces, and offers on-site amenities including a community room, business center, fitness area, leasing office, bike storage, outdoor patio, grilling area, and coffee shop on its ground floor.

“We are thrilled to have worked alongside the borrower,” said Kyle Jemtrud. “Greystone continues to prove itself as a dedicated finance provider, and we feel privileged to contribute to the growth and success of our client’s real estate portfolio.”

About Greystone 
Greystone is a real estate lending, investment, and advisory company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greyco.com.   

PRESS CONTACT: 
Karen Marotta 
Greystone 
212-896-9149 
Karen.Marotta@greyco.com 

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